A top executive at the world’s biggest pension fund sceptic of green bonds and their future perspectives
Since 1 year

Despite being the world’s largest pension fund and becoming recently more heavily involved, Japan’s Government Pension Investment Fund (GPIF), the 1.4tn in-assets fund, is still starting to take action.

A top executive at the world’s biggest pension fund, Hiro Mizuno, chief investment officer of the GPIF, has expressed doubts over green bonds, indicating that “they are more costly and complicated and cumbersome” for issuers, and for investors “it’s a bond with the same credit rating and the same interest rate — but [investors] have to live with less liquidity.” Mr. Mizuno added that to catch on, green bonds have to be effective for borrowers.

Mr. Mizuno had already branded green bonds a “lose-lose” proposition at a UN conference in Paris last November. Those remarks then set a negative tone for the market, given the significance of Japan’s Government Pension Investment Fund being an opinion leader in global financial markets.

New study reveals the status of climate risk management in LAC banks
A survey among 78 financial institutions in Latin America and the Caribbean holding 54% of the total assets managed by the banking sector in the region, revealed that 38% of banks incorporate guidelines on climate cha...
Since 1 week Read More
The Development Bank of Minas Gerais (BDMG) is preparing to raise about $100 million in green bonds, with support from the Inter-American Development Bank (IDB)
The BDMG presents on Tuesday a framework, document that details the the scope of companies or projects that can be targeted for funding, a preview of the funding itself, which should be released in the coming months. ...
Since 2 weeks Read More
BNDES Energy Efficiency Fund will receive a contribution of R$30million from the Procel
Resources reduce the risk of default assumed by lenders FGEnergia should leverage with a guarantee R$ 200 million to projects in the country.
Since 3 weeks Read More